Wallace & Gale Co. Asbestos Settlement Trust
The Wallace & Gale Asbestos Trust Fund and Mesothelioma Claims
The Wallace & Gale Co. Asbestos Trust Fund operates to provide compensation to individuals harmed by asbestos exposure from Wallace & Gale Co.’s products. Established to manage and resolve the company’s asbestos-related liabilities, the trust offers a structured claims process accessible to victims of asbestos exposure, subject to specific eligibility criteria. Compensation amounts are determined based on the severity of injuries sustained and other relevant factors, with detailed guidelines available for reference.
Efficient management of claim submissions, reviews, and distributions is prioritized to ensure fair and equitable compensation while maintaining the trust’s long-term financial sustainability. The trust is committed to accountability, with a thorough review process for claim validity and adherence to established guidelines. Support is provided to victims and their families throughout the claims process, addressing each claimant’s unique circumstances. Transparency is maintained through detailed guidelines and procedures available on the trust’s website, allowing claimants to access information about the claims process. The trust’s mission is to ensure fair compensation while sustaining its operations over the long term, ultimately supporting individuals harmed by Wallace & Gale Co.’s asbestos products.
Key Figures:
Assets: [N/A]
Payouts: [N/A]
Average Compensation: [N/A]
Structure: Based on injuries, lost wages, and medical expenses.
Evaluation: Thorough review process for claim validity.
Accountability: Commitment to fairness and adherence to guidelines.
Support: Assistance provided to victims and families.
Viability: Focus on long-term sustainability and stability.
Additional Information:
Location: [N/A]
Contact: [N/A]
Website: [N/A]
Managed By: [N/A]
Active: [Active Status]
Purpose: Provide compensation to individuals harmed by Wallace & Gale Co.’s asbestos products.
Claims Process: Open to victims of Wallace & Gale Co.’s asbestos exposure.
Qualifications: Specific eligibility criteria apply.
Compensation: Based on injury severity and other factors.
Transparency: Detailed guidelines and procedures available on the trust’s website.
Administration: [Management Entity] oversees claims, submissions, and distributions.
Mission: Ensure fair compensation while sustaining the trust.
Quick Facts About Asbestos Trust Funds
- There are over 60 active Asbestos Trust Funds set up by U.S. Courts.
- Asbestos bankruptcy reorganization can take many years to complete.
- Asbestos Trusts offer detailed information about their guidelines, qualifications, and rules.
- Representatives of current and future Mesothelioma claimants must agree to significant changes to these trusts.
- Since 1988, Asbestos trusts have paid out approximately $17.5 billion, covering over 3 million claims.
- As of 2011, Asbestos Trust Funds have a combined asset value of $36.8 billion.
- On average, victims receive 25% of their claim from Asbestos Trust Funds since 2010.
- Asbestos Trust Funds have specific Statutes of Limitations, limiting the time to file a claim.
- Mesothelioma claimants may pursue both Asbestos Trust lawsuits and Asbestos claims in some cases.
- U.S. Courts must approve the amount allocated before granting bankruptcy protection to the Asbestos Company.
- Promptly contacting a Mesothelioma lawyer is essential after diagnosis due to the 10–50-year latency period of Mesothelioma from exposure.
FAQs – Wallace & Gale Co. Asbestos Settlement Trust
Q: What is the Wallace & Gale Co. Asbestos Settlement Trust? A: The Wallace & Gale Co. Asbestos Settlement Trust is a fund established to provide compensation to individuals harmed by asbestos exposure from Wallace & Gale Co.’s products.
Q: Who is eligible to file a claim with the Wallace & Gale Co. Asbestos Settlement Trust? A: Individuals who have suffered harm due to asbestos exposure from Wallace & Gale Co.’s products, as well as their families, may be eligible to file a claim.
Q: What types of compensation are available through the trust? A: Compensation provided by the trust may include monetary awards for medical expenses, lost wages, pain and suffering, and other related costs.
Q: How do I file a claim with the Wallace & Gale Co. Asbestos Settlement Trust? A: To file a claim, you must complete the necessary claim forms and provide supporting documentation of your asbestos-related illness and exposure to Wallace & Gale Co.’s products.
Q: What happens after I submit my claim? A: Your claim will undergo a thorough review process to determine its validity and the appropriate compensation amount based on established guidelines.
Q: How long does it take to receive compensation from the trust? A: The timeframe for receiving compensation can vary depending on factors such as the complexity of your claim and the volume of claims being processed by the trust. However, the trust aims to process claims as efficiently as possible.
Q: Is there a deadline for filing a claim with the Wallace & Gale Co. Asbestos Settlement Trust? A: Yes, there may be deadlines for filing claims, so it is important to submit your claim in a timely manner to ensure it is considered for compensation.
History of Wallace & Gale Co. Asbestos Settlement Trust:
The Amatex Corporation Asbestos Settlement Trust Fund was established in response to the surge of asbestos-related litigation and the bankruptcy proceedings of Amatex Corporation. Amatex, a former manufacturer of asbestos-containing products, faced mounting legal liabilities due to claims from individuals harmed by exposure to its asbestos products. As part of its bankruptcy reorganization plan, Amatex established the trust fund to manage and resolve these asbestos-related claims while providing fair compensation to affected individuals.
The history of the Amatex Corporation Asbestos Settlement Trust Fund reflects the broader context of the asbestos litigation landscape, where numerous companies faced legal challenges and financial strains due to the health risks associated with asbestos exposure. By creating the trust fund, Amatex aimed to streamline the claims process, ensure equitable distribution of compensation, and address the needs of asbestos victims and their families.
Over time, the trust fund has evolved to adapt to changing legal and financial circumstances, continuing its mission to provide support and assistance to individuals harmed by Amatex’s asbestos products. Through its structured claims process and adherence to established guidelines, the trust fund continues to play a vital role in addressing the legacy of asbestos exposure while upholding principles of fairness and accountability.
Asbestos Trust Funds: Your Path to Compensation
The Wallace & Gale Co. Asbestos Settlement Trust has its origins in the company’s involvement in the manufacture and distribution of asbestos-containing products. Wallace & Gale Co., like many companies during the 20th century, utilized asbestos in various industrial and construction materials, including insulation, gaskets, and other building products. Asbestos was valued for its heat resistance and durability but later became known for its severe health risks.
As the adverse health effects of asbestos exposure became more widely recognized and legal actions mounted against asbestos manufacturers, Wallace & Gale Co. faced significant litigation and financial liabilities. To address these challenges and provide compensation to individuals harmed by their asbestos-containing products, the Wallace & Gale Co. Asbestos Settlement Trust was established.
The trust was designed to manage and resolve asbestos-related claims efficiently while ensuring fair compensation for victims of asbestos exposure from Wallace & Gale Co.’s products. Through a structured claims process and adherence to established guidelines, the trust aims to fulfill its obligation to support individuals and families affected by asbestos-related illnesses while safeguarding its long-term financial viability.
Occupations With Asbestos Exposure from Wallace & Gale Co. Asbestos Products:
- Construction Workers: Exposed during installation of asbestos-containing materials such as insulation and roofing.
- Shipyard Workers: Exposed while working with asbestos-containing materials in ship construction and repair.
- Plumbers: Exposed to asbestos in pipes and insulation during installation and maintenance.
- Electricians: Exposed during installation and repair of electrical systems containing asbestos insulation.
- Mechanics: Exposed to asbestos in brake pads and other automotive components during repair work.
- Boilermakers: Exposed while fabricating and repairing boilers insulated with asbestos materials.
- Pipefitters: Exposed during installation and repair of pipelines containing asbestos insulation.
- Welders: Exposed during welding activities on structures containing asbestos insulation.
- HVAC Technicians: Exposed to asbestos in insulation around heating and cooling systems.
- Demolition Workers: Exposed during demolition of buildings containing asbestos materials.
- Firefighters: Exposed to asbestos fibers released during firefighting activities in buildings with asbestos-containing materials.
- Maintenance Workers: Exposed to asbestos during maintenance tasks on equipment and buildings.
- Insulators: Exposed while installing and removing asbestos insulation in various industries.
- Painters: Exposed to asbestos when sanding or scraping surfaces with asbestos-containing paint.
- Laborers: Exposed during general construction activities involving asbestos-containing materials.
- Millwrights: Exposed while installing and repairing machinery insulated with asbestos materials.
- Bricklayers: Exposed during construction activities in buildings containing asbestos products.
- Roofers: Exposed while working with asbestos-containing roofing materials.
- Carpenters: Exposed during construction activities involving asbestos-containing building materials.
- Sheet Metal Workers: Exposed during fabrication and installation of ductwork insulated with asbestos materials.
Find Out If You Qualify Today!
Chat Now – Click Chat Banner to Start a Live Chat!
Call Now – Our Nationwide Toll-Free Mesothelioma Helpline Number is 888.640.0914
Wallace A Gale Co. Asbestos Products with Asbestos Exposure:
- Asbestos Insulation: Used in buildings for thermal insulation, exposing workers during installation and removal.
- Asbestos Cement: Used in pipes, roofing, and siding, leading to exposure during handling and installation.
- Asbestos Adhesives: Used in flooring and roofing materials, posing a risk during application and removal.
- Asbestos Gaskets: Used in machinery and equipment, potentially releasing fibers during maintenance.
- Asbestos Brake Pads: Used in automotive vehicles, exposing mechanics during repair work.
- Asbestos Joint Compound: Used in construction for sealing joints in drywall, posing a risk during application and sanding.
- Asbestos Fireproofing Spray: Used in buildings for fire protection, leading to exposure during application and renovation.
- Asbestos Textiles: Used in protective clothing, gaskets, and insulation, posing a risk during manufacturing and handling.
- Asbestos Floor Tiles: Used in commercial and residential flooring, releasing fibers during installation and removal.
- Asbestos Roofing Shingles: Used in roofing materials, exposing workers during installation and repair.
- Asbestos Electrical Insulation: Used in electrical wiring and components, posing a risk during installation and maintenance.
- Asbestos Caulk: Used in construction for sealing joints, windows, and doors, posing a risk during application and removal.
- Asbestos Packing Materials: Used in valves and pumps, potentially releasing fibers during maintenance.
- Asbestos Textured Paint: Used in buildings for decorative purposes, posing a risk during application and renovation.
- Asbestos Ceiling Tiles: Used in commercial and residential ceilings, releasing fibers during installation and removal.
- Asbestos Furnace Cement: Used in heating systems, posing a risk during installation and repair.
- Asbestos Insulating Board: Used in walls, ceilings, and partitions, exposing workers during construction and renovation.
- Asbestos Pipe Insulation: Used in plumbing systems, posing a risk during installation and repair.
- Asbestos Vinyl Flooring: Used in commercial and residential flooring, releasing fibers during installation and removal.
- Asbestos Rope: Used in gaskets, packing, and seals, potentially releasing fibers during handling and maintenance.
Recent Mesothelioma Verdicts
- $4.6 Million Mesothelioma Settlement: For a union insulator who developed malignant Mesothelioma from asbestos exposure.
- $10.2 Million Mesothelioma Verdict: For a Paper Mill worker suffering from pleural Mesothelioma.
- $8 Million Mesothelioma Award: For a man diagnosed with Mesothelioma.
- $1.2 Million Mesothelioma Settlement: For a 76-year-old carpenter who developed malignant Mesothelioma.
- $1.1 Million Veteran Mesothelioma Settlement: For a Navy veteran machinist who developed malignant Mesothelioma at age 71.
- $245,000 Asbestosis Settlement: For a Paper mill worker suffering from Asbestosis.
- $2.5 Million Mesothelioma Settlement: For a union pipefitter man who died from malignant Mesothelioma.
- $2.6 Million Shipyard Worker Mesothelioma Settlement: For the family of a 72-year-old shipyard worker with Mesothelioma who suffered secondhand exposure.
- $5 Million Navy Veteran Mesothelioma Verdict: For a Navy Boilerman who developed Mesothelioma during his service.
- $1.8 Million Mesothelioma Settlement: For a carpenter who developed malignant Mesothelioma at age 68.
- $7.5 Million Mesothelioma Verdict: For a woman who developed peritoneal Mesothelioma from laundering her husband’s work clothes.
Settlement Averages for Mesothelioma Lawsuits
The average verdict in a mesothelioma lawsuit is about $2.4 million, and the average settlement is between $1 million and $1.4 million according to Mealey’s Litigation Report.
TO GET HELP – Our Nationwide Toll-Free Mesothelioma Helpline Number is 888.640.0914
Steps to Apply for Wallace & Gale Co. Asbestos Settlement Trust Compensation:
- Review Eligibility Criteria: Before applying, ensure that you meet the specific eligibility criteria outlined by the trust. These criteria typically include factors such as exposure to Wallace & Gale Co. asbestos products and the manifestation of related illnesses.
- Gather Documentation: Collect relevant documents to support your claim, including medical records, employment history, and any other evidence of asbestos exposure from Wallace & Gale Co. products.
- Complete Claim Form: Obtain the official claim form from the trust’s website or by contacting the trust administrator. Fill out the form accurately and provide all required information, including details of your asbestos exposure and related medical diagnosis.
- Submit Claim: Once you have completed the claim form and gathered all necessary documentation, submit your claim to the trust administrator. Ensure that you include all required materials to avoid delays in processing.
- Wait for Review: The trust administrator will review your claim to assess its validity and determine the appropriate compensation amount based on the severity of your illness and other relevant factors.
- Receive Decision: You will receive a decision regarding your claim from the trust administrator. If your claim is approved, you will receive compensation according to the trust’s established payment schedule.
- Appeal if Necessary: If your claim is denied or if you disagree with the compensation amount awarded, you may have the option to appeal the decision. Follow the procedures outlined by the trust for filing an appeal.
- Receive Compensation: If your claim is approved and no further appeals are necessary, you will receive compensation from the trust fund as outlined in the decision letter.
Why Working with an Experienced Mesothelioma Trust Fund Lawyer is Vital:
- Expertise: Experienced lawyers understand the complexities of trust fund laws and procedures, ensuring your claim is handled efficiently.
- Maximized Compensation: Attorneys advocate for your rights, aiming to secure the maximum compensation you deserve from the Wallace & Gale Co. Asbestos Settlement Trust.
- Timeliness: Lawyers ensure your claim is correctly submitted and promptly processed, minimizing any unnecessary delays in receiving compensation.
- Legal Guidance: They provide valuable legal counsel, explaining your options and helping you make well-informed decisions throughout the claims process.
- Peace of Mind: Dealing with a mesothelioma diagnosis is already stressful. A lawyer can alleviate some of this burden by managing the legal aspects of your claim.
- No Upfront Costs: Most mesothelioma lawyers work on a contingency basis, meaning they only receive payment if you win compensation, easing any financial concerns associated with legal representation.
Diagnosed With Mesothelioma?
Being diagnosed with mesothelioma can be overwhelming, but understanding your legal options is crucial. Asbestos trust funds are designed to provide compensation for mesothelioma victims. These funds hold over $30 billion to support those affected by asbestos exposure. Consulting an experienced mesothelioma lawyer is essential in navigating the complex process of filing a claim. They can help determine eligibility, gather necessary evidence, and ensure your claim complies with trust fund requirements. These funds offer financial relief for medical expenses, lost income, and suffering caused by asbestos-related diseases. Seeking legal guidance can ease the burden during this challenging time.
Mesothelioma Claims: Mesothelioma Damages
If you’ve received a diagnosis of Mesothelioma, it’s crucial to understand that you may be eligible to seek compensation for a wide range of damages. This guide will help you navigate the complex world of Mesothelioma claims, offering insights into the various types of damages you may be entitled to recover. From Mesothelioma-specific damages to economic, medical, and even punitive damages, we’ll break down what each entails, ensuring you have the knowledge you need when considering legal action. Your journey to seeking rightful compensation starts here.
TAKING LEGAL ACTION
When confronted with the devastating impact of a mesothelioma diagnosis resulting from asbestos exposure, pursuing legal action becomes a crucial step towards securing the compensation you rightly deserve. Our team is here to assist you in initiating a mesothelioma lawsuit with an experienced mesothelioma attorney, ensuring the protection of your rights and the delivery of justice. Discover today which Asbestos Trust Funds you may be eligible for to receive compensation.
SCHEDULE A FREE CASE CONSULTATION
Scheduling a free case consultation is your first step toward seeking justice in mesothelioma cancer lawsuits. We are ready to assess your unique situation and provide the guidance you will need during this challenging time. Take this essential step toward pursuing fair compensation for your mesothelioma-related injuries.
GET HELP FROM AN EXPERIENCED INJURY ATTORNEY
When dealing with the complexities of mesothelioma cancer lawsuits, getting help from an experienced injury attorney is crucial. For more than 24 years, we have assisted workers, veterans, and families in obtaining the compensation they deserved from negligent asbestos companies. Contact us at 888.640.0914 to secure the support you will need throughout your pursuit of fair and just compensation.
24 Hour Call Back Guarantee!
Complete our free Mesothelioma case evaluation form, and one of our case representatives will call you within 24 hours to assist in starting your claim immediately, at no cost to you.
For immediate assistance, you can also reach us by calling our Mesothelioma Toll-Free Helpline at 888.640.0914 or using our 24-Hour Live Chat. Get help today!